Core Inflation Reaches New High, Validating ECB Hawks

Euro Zone Inflation Rises in March The year-on -year headline measure of EU inflation posted a massive decline, coming in at 6.9% vs a forecast of 7.1%, but the real kicker reveals a drop from last month’s (YoY) reading of 8.5%. Despite the rapid YoY decline, March CPI actually rose 0.9% from February, vindicating ECB …

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